USA: farmers plan to plant less corn and more soybeans in 2024

Maize (Corn)
Market & Price Trends
Published Apr 16, 2024

Tridge summary

In anticipation of the 2024 planting season, North American farmers are adjusting their crop strategies, with a notable 5% reduction in corn acreage to 90.0 million acres across most states, and a 3% increase in soybean planting, reaching 86.5 million acres, potentially setting record highs in several areas. Meanwhile, wheat is expected to see a 4% decrease in planting area to 47.5 million acres, despite a significant 22% rise in durum wheat acreage, contrasting with a fall in winter wheat. These adjustments reflect shifts in market demands, crop rotation practices, and possibly environmental factors.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

North American producers surveyed plan to plant 90.0 million acres of corn in 2024, 5% less than last year. Corn planting intentions decreased or remained unchanged in 38 of the 48 states where forecasts were made. Illinois, Indiana, Iowa, Minnesota, Missouri, Ohio, South Dakota and Texas expect reductions of 300,000 acres or more from last year. If it comes to fruition, the area planted with corn in Arizona and Oregon will be the largest on record. Soybean farmers expect to plant 86.5 million acres in 2024, a 3% increase from last year. Arkansas, Illinois, Indiana, Iowa, Kentucky, Louisiana, Michigan, Minnesota, Missouri, North Dakota, Ohio and South Dakota expect increases of 100,000 acres or more from last year. A record for cultivated area is expected in Kentucky and New York. Total wheat acreage for 2024 is estimated at 47.5 million acres, 4% below 2023 for comparable states. Winter wheat acreage of 34.1 million acres is 1% lower than the ...
Source: 3tres3
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